 | |
Native name | ООО «СТС Медиа» |
|---|---|
| Company type | Joint venture |
| Industry | Broadcasting,entertainment,TV,free-to-air broadcasting,TV production |
| Founded | 1989; 36 years ago (1989) |
| Headquarters | Moscow, Russia |
Key people | Viacheslav Murugov (CEO) |
| Revenue | $472 million[1] (2017) |
| $7.27 million[1] (2017) | |
| $6.72 million[1] (2017) | |
| Total assets | $857 million[1] (2017) |
| Total equity | $702 million[1] (2017) |
| Owner | National Media Group (49%) VTB (51%) |
| Website | http://www.ctcmedia.ru/ |
CTC Media LLC is a Russianbroadcasting company with headquarters inMoscow,Russia.
CTC Media (till 2004 - StoryFirst Communications) was established by a U.S. entrepreneur Peter Gerwe in 1989 inDelaware in the United States.[2] In 1991 co-founded Russian-American radio stationMaximum. The Group launched broadcasting operations in 1991 with its own TV station inSt. Petersburg. Channel Six of St. Petersburg started broadcasting in other regions in 1994.
National TV channelCTC debuted in 1996, Russia's first thematic channelDomashny was launched in 2005.[3][4]
In 2009, СTC Media began international satellite broadcasting in North America as CTC International. In June 2010, the launch of international broadcasting took place in Israel. In March 2011, CTC Media started international broadcasting in Germany, and later in May 2011, a number of agreements were signed to start broadcasting on two new platforms in North America. In October 2011, CTC International increased its footprint in North America and began broadcasting in theBaltic states. As of February 2012, the international version ofCTC began broadcasting in Europe, as well as in a number of countries in North Africa, the Middle East, and Central Asia. CTC-International started broadcasting inKyrgyzstan in April 2012, and launched inArmenia,Georgia, andAzerbaijan in May the same year. CTC International is available inThailand since July 2012.
The Everest Sales advertising agency was established in the autumn 2010 and is responsible for selling the advertising inventory of CTC,Domashny, Che and CTC Love, the Group’sVideomore.ru andDomashniy.ru internet portal. It also manages advertising sales in theCommonwealth of Independent States forChannel 31 group of companies in Kazakhstan.
In December 2010, Videomore was launched as the first Social TV Network in Russia.[5] The site combines all the advantages of a professional video portal with those of a social network. Since 2012, it also offers content ofChannel Five andRen.[6] In October 2011, CTC Media introduced theDomashniy portal as an online extension of Domashny TV channel, which is aimed at a female audience.[7]
In October 2013,Peretz International (international version ofPeretz channel) began broadcasting in cable networks in Belarus. In January 2014, launch took place inKyrgyzstan.
In spring 2014, CTC Media launched the new channel CTC Love on cable and satellite platforms,[8][9] and signed a distribution deal withHulu.[10]
CTC Media was acquired by the private, Nicosia, Cyprus-based firm Telcrest Investments Limited in the spring of 2016.[11]
In December 2007, the Group acquired TV content production facilitiesSoho Media for $10 million andKonstantin Kikichev’s CostaFilm for $40 million.[12] The companies were merged intoStory First Production in July 2011.[13]
In 2008, CTC Media acquired a 20% interest inChannel 31 group of companies in Kazakhstan for $65 million and it began broadcasting in CTC format. In October 2008, the Group acquired a 51% stake in theTeleDixi broadcasting company in Moldova for $4.1 million.[14] Also in 2008, CTC Media and Terra Group established a broadcasting companySofTS in Uzbekistan. However, it did not take off and was divested in 2010.[15]
In April 2008, CTC Media acquiredDTV channel (currently – Che) from the Group’s shareholderModern Times Group.[16]
In 2006, CTC Media acquired TV companyOrion inSamara, Russia, and went on to acquire RIO in the same region in May 2011.[17]
CTC Mediawent public on June 1, 2006, at $14 per share and was listed onNASDAQ under the symbol "CTCM". Owners of the Group offered 16.38% with the totalIPO value of $345.9 million. As of February 26, 2009, CTC Mediamarket capitalization amounted to $504 million.[18]
The company's common stock ceased to trade on theNASDAQ Global Select Market in May 2016.[19]
СTC Media incorporates five nationwide free-to-air television channels in Russia (CTC,Domashny, Che, CTC Love, Kazakhstan (Channel 31) with a combined potential audience of over 150 million people. CTC-International is available in Israel, Germany, Latvia, Lithuania, Estonia, the US, Canada and Australia. International versions of Domashniy andPeretz are available in the CIS countries, and Europe, Georgia, Mongolia, in the US and Australia. International version ofPeretz channel is also available in the Baltic states and inCyprus. The Group incorporatesEvereST-S advertising sales agency, Social TV NetworkVideoMore.Ru, and CTC.ru, Domashniy.ru, Chetv.ru, CTCLove.ru portals as well as Caramba TV.
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